Oldest existing Ford product about to go to auction

The early days of automotive manufacturing were full of financial troubles, even for Henry Ford.

In fact, in July of 1903, with creditors knocking at the door, an order for just three new cars made the difference between moving forward and closing the doors of the newly formed Ford Motor Company.

Only one of those three cars is known to exist today. According toHemmings, that car will go to auction in Hershey, Pennsylvania, next month under the care of Ontario based RM Auctions. It is expected to fetch somewhere between $300,000 to $500,000. An interesting side note to that price is that the same car sold in 2007 for $693,000. That just shows how collector car values tend to cycle up and down.